Corporation Tax

William Bain: To ask the Chancellor of the Exchequer what recent estimate he has made of the proportion of businesses trading in the UK and meeting who will pay the EU Economic and Financial Affairs Council meeting tax in each of the next four financial years.

David Gauke: HMRC does not forecast the proportion of UK businesses that will pay tax in the next four financial years. The Office for Budget Responsibility (OBR) publish an onshore CT forecast to which a link is provided at:
	http://budgetresponsibility.independent.gov.uk/econ-fiscal-outlook-march.html
	This forecast includes the aggregate effect of tax deductions which may result in some businesses having no taxable profits.